My name is Pinboard, I am a small tech company, and I had to pay around 27% of my gross revenue in Federal taxes last year.https://www.washingtonpost.com/us-policy/2019/02/16/amazon-paid-no-federal-taxes-billion-profits-last-year/ …
-
-
Anyway, the comparison still works at 21%.
-
No, it does not. This argument still have two major issues. Tax is paid on net profit, not gross revenue - typical profit margin is around 10%, give or take. Also, 21% is tax bracket, not rate. He is complaining about excessive income taxation of middle class, that is all.
- Show replies
New conversation -
-
-
As a sole proprietorship, those federal taxes are all via your personal income tax filing, no?
Thanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.